Reference :- What does it take for Australia to lose it's AAA credit rating with Moody's ?

Reference :-   The  following story , which attempts to be amusing , does contain accurate statistics.

A year or so back Sky News contributor Monte ( the motorcyclist  ) wanted to know what his uncle Graham could do to get some financial assistance , since he had lost a leg in the Vietnam War . We made inquiries but found that the surgeon , no doubt operating under fire from the forces of Ho Chi Minh , had left a skin tag behind , so technically it was only rated as a partial amputation .   This meant he qualified for an ankle brace , and a consideration of ten dollars per year to have his trouser leg sewn up.
Monte was shocked , but I reminded him that the country was facing a debt crisis , and we had to run  austerity budgets to pay back our staggering loans or our AAA credit rating would be lost and the interest payments would cripple the entire country , not just his uncle Graham .  Furthermore , I said , that is why unemployed people have to skip the occasional meal  ( one or two each day at most ) and paraplegics have to wait years to get a mobile chair that doesn't sport wooden spoke wheels and a cast iron seat .

Last year the treasurer , young Josh Frydenberg , was promising a budget surplus of  2 billion quid which he claimed was an essential step to preserve our coveted AAA credit rating .   Well , that plan now has  a spanner in it's works  . Plus an entire socket set and a couple of breaker bars .  It is now predicted that by this time next year we will be another 200 billion quid or more in the red .    That's one hundred times the surplus that was supposed to be a game changer .

On hearing that , the financial reporters at The Sky Reply were concerned that our AAA credit rating with Moody's was doomed .  But lo and behold , Moody's are keeping it the same .
Ken junior was greatly surprised , and did some research on the topic .  Apparently if we go another 200 billion quid into the red , it isn't a big deal .     Our debt to GDP ratio will still be quite modest compared with most countries .   And with interest rates so low , it will cost the average tax payer about 3 dollars per week in  interest .  That seems like a price worth paying to live in a decent society. 
 Of course conservative idealogue Peta Credlin, who is a wizard ... I mean a witch ... with numbers  warns us that the only reason we have retained our AAA credit rating is because the rest of the world is so badly in debt by comparison .  Que ?    Isn't that why we had the AAA rating in the first place ?

 Monte's uncle Graham is pretty angry about being told the country couldn't afford to supply him with a prosthetic gam , especially since he was a conscript .  He says where is the dignity in that ?   He would have preferred that the patronizing bastards had just told him to bugger off because they couldn't care less and preferred to spend the money on mining subsidies for political donors .

 Your comrade , Ken